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Less-than-truckload Dynamic Pricing Model in Physical Internet

Abstract : This paper investigates a decision-making problem consisting of less-than-truckload dynamic pricing (LTLDP) under Physical Internet (PI). PI can be seen as the interconnection of logistics networks via open PI-hubs, which can be considered as spot freight markets where LTL requests of different volume/destination continuously arrive over time for a short-stay. Carriers can bid for the requests by using short-term contract. This paper proposes a dynamic pricing model to optimise carrier's bid price to maximise his expected profits. Three influencing factors are investigated: requests quantity, carrier's capacity and cost. The results provide useful guidelines to carriers on pricing decisions in PI-hub.
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Submitted on : Friday, June 3, 2016 - 3:27:57 PM
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  • HAL Id : hal-01326416, version 1
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Bin Qiao, Shenle Pan, Eric Ballot. Less-than-truckload Dynamic Pricing Model in Physical Internet. The 5th Institute of Industrial Engineers Asian Conference, Jul 2016, Hongkong, China. ⟨hal-01326416⟩

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